Austria: Mineral Wool Market 2024

Mineral Wool Market Size in Austria

The Austrian mineral wool market soared to $X in 2021, with an increase of 41% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mineral Wool Production in Austria

In value terms, mineral wool production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Mineral Wool Exports

Exports from Austria

In 2021, overseas shipments of slag wool, rock wool and similar mineral wools and mixtures decreased by -4% to X tons, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of 12%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mineral wool exports fell modestly to $X in 2021. The total export value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 46%. The exports peaked at $X in 2020, and then dropped slightly in the following year.

Exports by Country

Switzerland (X tons), Germany (X tons) and Italy (X tons) were the main destinations of mineral wool exports from Austria, together comprising 72% of total exports. These countries were followed by Liechtenstein, the Czech Republic, the UK, Belgium, Romania, Mexico and Hungary, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liechtenstein (with a CAGR of +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Austria, comprising 31% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 12% share of total exports. It was followed by the UK, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-8.3% per year) and the UK (+3.3% per year).

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mineral wool export price increased by +2.8% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Austria

In 2021, mineral wool imports into Austria rose sharply to X tons, picking up by 9.5% against 2020. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mineral wool imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest mineral wool supplier to Austria, accounting for a 55% share of total imports. Moreover, mineral wool imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+7.1% per year) and Poland (+29.6% per year).

In value terms, Germany ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Austria, comprising 57% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 10% share of total imports. It was followed by Poland, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+4.9% per year) and Poland (+27.6% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, rising by 13% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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